Ero Copper Corp. (TSE:ERO) to Post Q1 2024 Earnings of $0.05 Per Share, Raymond James Forecasts

Ero Copper Corp. (TSE:ERO) – Analysts at Raymond James reduced their Q1 2024 earnings per share estimates for Ero Copper in a report released on Monday, April 22nd. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.06. The consensus estimate for Ero Copper’s current full-year earnings is $2.02 per share. Raymond James also issued estimates for Ero Copper’s Q4 2024 earnings at $1.30 EPS.

Other research analysts have also recently issued reports about the company. TD Securities lifted their price objective on Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday, March 8th. National Bankshares lifted their price objective on Ero Copper from C$22.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Thursday, February 22nd. Pi Financial raised Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. CIBC boosted their price target on Ero Copper from C$24.00 to C$28.50 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, Scotiabank boosted their price target on Ero Copper from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$26.83.

Ero Copper Trading Up 2.2 %

Shares of TSE:ERO opened at C$26.06 on Wednesday. The stock has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 19.59, a PEG ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15. The stock’s 50-day simple moving average is C$25.31 and its two-hundred day simple moving average is C$21.59. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.12.

Ero Copper (TSE:ERO) last announced its earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.02). The firm had revenue of C$158.50 million during the quarter, compared to analysts’ expectations of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.